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[–]stankbucket -17ポイント-16ポイント  (7子コメント)

What are you talking about? If I bill $100/hr as an independent contractor when I go to pay myself I have to withhold 15% for the SSI tax deposit. They have the same scam in place for Medicare. People on salaries don't seem to understand the fact that they actually make an extra ~10% and it all goes to SSI/Medicare, but then again that's the point. People already think taxes are too high. If they knew what they were actually paying they might start trying to elect people who don't just spend left and right (and I'm talking about both sides of the aisle here).

[–]listenthenspeak 28ポイント29ポイント  (6子コメント)

Direct quote from the IRS website.

Self-Employment Tax Deduction You can deduct the employer-equivalent portion of your self-employment tax in figuring your adjusted gross income. This deduction only affects your income tax. It does not affect either your net earnings from self-employment or your self-employment tax.

That means you get to deduct the taxes you paid into SS, lowering your tax bill, and lowering your overall effective tax rate.

Also... being mad about paying your taxes doesn't make it a scam.

Also... don't try to school me. I was a tax preparer for 7 years before I went to work for a bank. This was literally my job.